DISCO (OTCMKTS:DSCSY) Shares Gap Up – Still a Buy?

DISCO CORP (OTCMKTS:DSCSY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $24.95, but opened at $26.40. DISCO shares last traded at $26.06, with a volume of 87,877 shares changing hands.

DISCO Price Performance

The business has a 50 day simple moving average of $22.25 and a 200 day simple moving average of $24.66. The company has a market capitalization of $29.07 billion, a price-to-earnings ratio of 36.23 and a beta of 1.28.

DISCO (OTCMKTS:DSCSY) last announced its earnings results on Thursday, April 17th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $791.78 million during the quarter, compared to analysts’ expectations of $725.68 million. DISCO had a return on equity of 27.83% and a net margin of 31.51%. On average, equities research analysts predict that DISCO CORP will post 0.7 EPS for the current year.

About DISCO

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.